{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

5055-Week11_Lecture_Outsourcing_Design2007

5055-Week11_Lecture_Outsourcing_Design2007 - Lecture...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Lecture: Outsourcing Professor Don Forrer Managers at every level struggle with the decision of whether to make your parts or components in-house or outsource to a supplier. The trend has been to outsource due to a variety of reasons, but the bottom line is that you need to conduct an analysis and do what is best for your company. It is my belief that there is no way that outsourcing is cheaper than completing the process in-house if you are efficient. However, there are many elements of your business that are out of your control and efficiency isn’t as easy as it sounds. You must be concerned with quality and customer service. Therefore, if the situation warrants outsourcing to achieve better service, you must consider it. Traditional firms use forward and backward integration to keep processes within their control. Acquiring the sources for supplies or materials is considered backward integration while purchasing a customers operation is considered forward integration.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern